CI Medical Co (TSE:3540) Effective Interest Rate on Debt % : 0.14% (As of Mar. 2024)

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What is CI Medical Co Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. CI Medical Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was 円24 Mil. CI Medical Co's average total debt for the quarter that ended in Mar. 2024 was 円17,189 Mil. Therefore, CI Medical Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.14%.

CI Medical Co Effective Interest Rate on Debt % Historical Data

The historical data trend for CI Medical Co's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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CI Medical Co Effective Interest Rate on Debt % Chart

CI Medical Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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0.08

0.14

CI Medical Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.11	-	0.34	0.17	0.14

Competitive Comparison of CI Medical Co's Effective Interest Rate on Debt %

For the Household & Personal Products subindustry, CI Medical Co's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

CI Medical Co's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, CI Medical Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where CI Medical Co's Effective Interest Rate on Debt % falls into.

CI Medical Co Effective Interest Rate on Debt % Calculation

CI Medical Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -17	/	( (7092	+	17193)	/ 2 )
=	-1 * -17	/	12142.5
=	0.14 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	65	+	7027
=	7092

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	64	+	17129
=	17193

CI Medical Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -24	/	( (17193	+	17185)	/ 2 )
=	-1 * -24	/	17189
=	0.14 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	64	+	17129
=	17193

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	56	+	17129
=	17185

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

CI Medical Co (TSE:3540) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

CI Medical Co Effective Interest Rate on Debt % Related Terms

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CI Medical Co (TSE:3540) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » CI Medical Co Ltd (TSE:3540) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

2-6 Asahigaoka, Hakusan, Ishikawa, JPN, 924-0004

Website

http://www.ci-medical.co.jp

CI Medical Co Ltd engages in the development, manufacturing, and sales of dental care products. It operates 3D design labs; it offers advertising and marketing services through its website "Dental Mall" and also manages oral health care website "Ci Mall" and "Dental Fit" through which it sells oral health products and dentures. It serves medical cooperatives, dental clinics, dental associations, health centers, dental colleges, veterinary clinics, nursing home care facilities, and dental dealers.

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